In his 4Q22 market commentary, Western Asset CIO Ken Leech discusses the difficulties investors faced this year, the importance of lower inflation and the upside to down markets.
January Jobs Burst Expectations
by Michael J. Bazdarich, PhD
The Fed May Be Behind the Disinflation Curve
by John L. Bellows, PhD
Weekly Municipal Monitor—NY State Tax Collections Surprise to Upside
by Dave Fare, CFA
Private-sector payroll jobs rose by 443,000 jobs in January, with large gains occurring in essentially every industry. By our lights, this means one of two things for the Fed, depending on its criteria for success and how it’s interpreting today’s numbers, which do indeed require careful analysis.